Not to Jan, Re: "Paint the tape"
All this static. I keep banging on the side of my 'puter trying to make these posts meaningful. Nope.
When you look at a standard stock chart, there are usually only 4 bits of data per day. High, low, close, and volume. No matter where the bulk of trading occured during the day, the final trade sets the closing price. The closing price gets a lot more attention because it might have some predictive value for the next day open.
Well, I'm sure it has never happened, but a couple of traders could get together and decide where they want the closing price to be and make the last reported trade of the day, between themselves, just about anywhere on the chart.
And if this practice occured more than once, people would have to come up with a cute name for it, they might just call it, "painting the tape."
So much for market fables, we now return your board to its regularly scheduled bickering, already in progress.
Zebra |
